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Prezzo - Shares have gained a massive 290%

June 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PRZ
  • Price:
  • 113p
Restaurant group Prezzo is fast becoming the new star in the TMI Trader Portfolio with the shares, which broke through £1 for the first time, showing a gain of 290% since we added them four years ago at just 29p. The latest surge follows strong final results in which turnover rose 17% to £144.5m, while pretax profit increased 11% to £18.3m. Diluted eps rose 13% to 5.9p while an impressive 42% jump in cash flow to £31.4m meant net cash rose to £4.4m (2011: £39,000) even after capital investment of £24.1m (2011: £22.3m).Although Prezzo doesn't provide like-for-like sales figures these results were impressive in the current “austerity†climate and reflect its well-known brand and use of promotions such as “2 for 1 ...

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Prezzo - Accepts 126.5p offer (December 2014)
Prezzo - Receives bid approach (November 2014)
Prezzo - Time to top-slice some profit (June 2014)
Prezzo - Gain to date: 290% (November 2013)
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Prezzo - H1 ahead of expectations (October 2011)
Prezzo - Fast-growing restaurant chain likely to beat forecasts (September 2011)
Prezzo - Shares storm to new high (May 2011)
Prezzo - 11% eps upgrade (October 2010)
Prezzo - To open 10 to 12 restaurants this year (May 2010)
Prezzo - Shares wake up again (February 2010)
Prezzo - Forecasts upgraded (October 2009)
Prezzo - Restaurant operator sees substantial director buying (May 2009)
Prezzo - Balance sheet remains strong (June 2008)
Prezzo - Slows new openings programme (March 2008)
Prezzo - Results beat expectations (November 2007)
Prezzo - Restaurant owner sees fast roll-out of units (August 2007)
Prezzo - The new Ask Central? (May 2002)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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